Chicago Addick living in Bermuda
Monday, 21 September 2009
  Murray back as Plc chairman in re-organisation Late tonight Charlton announced in much more detail what was leaked in The Guardian last week the re-organisation of the previous club boards and the further injection of money totalling £7m. Not to be sniffed at and we are once again thankful for the continued funding of our great club by a handful of people led by Richard Murray.

This announcement I wouldn't think ends any thoughts of a takeover but it certainly tells us that the new Plc board value the club more than any curent prospective buyers. It also safeguards us and our assets including players for quite a bit longer. Of course probably the friendly debt just got bigger but that friendship has become stronger still.

The announcement does ask questions that we will probably not get answered but I am pleased the many boards and differing types of directorships has been streamlined. Much easier I would of thought to run and make decisions. The Plc board contains the key financial contributors and I think significantly Richard Murray has replaced Derek Chappell to once again become chairman.

To be an Associate Director back in the day cost £250,000, which frankly didn't pay for Andy Gray's right goolie, so fans with a few quid and wanted to help out such as Cliff Benford and John Humphreys have deservedly been made vice-presidents along with legends such as Derek Ufton and Keith Peacock. The stakes have obviously gotten a bit high for (also legends in my eyes) Roger Alwyn and Martin Simons plus Chicagoan Michael Stevens, Richard Collins and Michael Grade, who was a board member more for his contacts and business acumen than any cash he wanted to throw down the toilet.

So not Arabs riding in on camels with sackfuls of money but Richard Murray, Robert Whitehand, Sir Maurice Hatter, David Sumners, David White, David Hughes (both incidentially not on the previous Plc board) and their big pockets and bigger hearts. Thank you gentlemen. 
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After living in Chicago for four and a half years, I moved to the beautiful if bewildering island of Bermuda in July 2008. This blog is about being an exiled and depressed Charlton Athletic fan and whatever else the day brings.
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